This Week’s Hot Stock: 3D Systems Corporation (DDD)

The stock of 3D Systems Corporation (NYSE:DDD) decreased by decreased by -$1.2 on Friday to finish at $26.78, down -4.29 percent. The last five days have seen an average of 1,526,240 shares of common stock traded. 16 times new highs were reached in the current year, with a gain of $16.30. The average number of shares traded over the last 20 days was 1,485,820, while the average volume over the last 50 days totaled 2,119,950.

DDD stock dropped -9.19% since last month. On 10/06/21, the company’s shares reached a one-month low of $25.05. The stock touched a high of $56.50 on 02/10/21, after rallying from a low of $5.56 in 52 weeks. The price of DDD stock has risen by 155.53% or $16.30 this year, reaching a new high 16 times. Still, the stock price is down -52.60% from the 52-week high.


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Insider Transactions

There have been 28 days since 3D Systems Corporation (DDD) last reported insider trading activity on Sep 27. On Sep 27, EVP, Chief Legal Officer & Sec Johnson Andrew Martin sold 4,000 shares at $29.10 each. This transaction resulted in the insider making $116,400. On Aug 26, Johnson Andrew Martin sold 4,000 shares at a price of US$29.41. After the transaction, the insider now owns 203,988 shares. President and CEO GRAVES JEFFREY A had earlier bought 4,260 shares on Aug 16 for $29.37 a share. The transaction was completed for $125,116.

Valuation Metrics

Beta for the stock is 1.14. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.66, the price-to-book (PB) ratio of 7.01, and the price-to-cash flow ratio of 124.26.

For the three months ended June 29, 3D Systems Corporation’s quick ratio was 1.70, while its current ratio was 2.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.01, and the total debt to equity ratio is 0.01. As far as profitability goes, gross margin for the trailing twelve months is 42.70% percent. 3D Systems Corporation’s EBITDA margin for the year ended June 29 was -0.54%, whereas its operating margin stood at -12.70% for the same period. Based on annual data, it had gross profit of $223.38 million and revenue of $557.24 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DDD’s return on assets (ROA) during the last 12 months has been -8.00%. There was a -27.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -12.80%. ROE has averaged 3.62 in the past year for the broader industry.

Earnings Surprise

According to 3D Systems Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $162.56 million, while revenues rose by 31.07% to $146.12 million. It was predicted that 3D Systems Corporation’s quarterly earnings would be $0.12, but it ended up being $0.05. EBITDA was -$1.27 million for the quarter. At the end of 3D Systems Corporation’s most recent quarter ended June 29, its liabilities totaled 245.75 million, while its total debt was $56.05 million. Equity owned by shareholders amounts to $125.24 million.

Technical Picture

Here’s a quick look at 3D Systems Corporation’s (DDD) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 43.99%, suggesting the stock is Neutral, with a 49.62% historical volatility rate.

The stochastic %K and %D were 66.34% and 75.82% respectively, while the average true range (ATR) was 1.34. Based on the 14-day stochastic reading of 43.25%, the RSI (14) reading is 44.53%. On the 9-day MACD Oscillator, the stock is at 0.38, and the 14-day reading is at 0.71.

Analyst Ratings

3D Systems Corporation (NYSE: DDD) was downgraded by Craig Hallum to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned 3D Systems Corporation (DDD) an Hold rating. DDD is a stock that is recommended for selling by 1 brokerage firm, while 8 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.

What is DDD’s price target for the next 12 months?

The current consensus forecast for the stock is between $19.00 and $37.00, with a median target price of $26.00. In analyzing these forecasts, the average price target given by analysts for 3D Systems Corporation (DDD) is $27.71.

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